China Resources Enterprise Ltd. (OTCMKTS:CRHKY – Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 309,285 shares, a decrease of 66.4% from the September 30th total of 920,707 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 664,593 shares, the days-to-cover ratio is presently 0.5 days.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein lowered shares of China Resources Enterprise to a “market perform” rating in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
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China Resources Enterprise Trading Up 4.1%
OTCMKTS CRHKY opened at $5.09 on Friday. The firm has a 50 day simple moving average of $4.91 and a 200-day simple moving average of $6.03. China Resources Enterprise has a one year low of $4.48 and a one year high of $7.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.69.
China Resources Enterprise Company Profile
China Resources Enterprise, Limited (OTCMKTS:CRHKY) is an investment holding company associated with China Resources Holdings. The company’s operations have historically focused on consumer-related businesses, particularly retail, beer, food, and beverage activities in mainland China and Hong Kong.
Through its retail operations, China Resources Enterprise has been involved in supermarkets, hypermarkets, convenience stores, and other consumer outlets. Its beer business has been linked to China Resources Snow Breweries, one of the major beer producers in China, while its broader food and beverage activities have included the distribution and sale of consumer products.
China Resources Enterprise has undergone business restructuring and portfolio changes over time as the broader China Resources group has reorganized its consumer businesses.
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